During 2017, the prices of rentals in LIC saw a decline that came dangerously close to double digits, mainly because of how saturated the market has become. A report released by Modern Spaces stated this information, specifying that the average rent of Long Island City
A new elementary school is coming to Queens. The new building will be located at 1-35 57th Avenue. It will have room for 612 students. This new school is part of the project that calls for the redevelopment of the once-derelict Hunter’s Point South neighborhoods,
TRADED: Hunters Point Partners LLC and others buy 3805-3807 Hunters Point Avenue from Shri Hari New York LLC for $9.5 million
Hunters Point Partners LLC and others purchased 3805-3807 Hunters Point Avenue in Long Island City, Queens. This is a 3H4 building. It spans 15,480 square feet. The seller was Shri Hari New York LLC. The transaction cost $9,500,000. The trade occurred October 11th 2017.
According to recent reports, new permits have been filed with the city for a residential tower that will have 56 stories. The developer is TF Cornerstone and the construction site is near the Hunter’s Point South Park waterfront in Long Island City. The plans filed
The Holterbosch family is putting a huge site on the market. Right next to Hunters Point South, they are selling eight acres of land. The site is zoned as residential and has the potential to hold up to four towers that would span 1.6 million
The city has plans to build two new elementary schools in the Long Island City area. Both buildings will be within walking distance of each other and will service 1,200 students. The schools will be located in Hunters Point. This is a welcome change for
According to building records, a new application has been filed for a project that will be located in the Hunters Point neighborhood. The building will have twelve stories (120 feet) and will be addressed on 10-27 Jackson Avenue. Furthermore, everything shows it will be mixed-use.
As previous reports have shown, TF Cornerstone has teamed up with the city’s administration in order to build several new buildings in two parcels that are owned by the city. Among the things they were planning to construct, sources claimed they were a thousand
TRADED: Brian Pun of FSA Plaza buys two LIC Buildings from Arkady Sheynin of Gold Seal Limo for $10.17 million – 2-23 Borden Avenue & 2-24 51st Avenue
2-23 Borden Avenue & 2-24 51st Avenue were just sold to Brian Pun, whom with Chris Xu is developing the tallest building in Queens. The two adjacent lots in Long Island City, Queens, sold for $10,170,000 according public record and a press release from Marcus &
Last fall, Queensbeans.com reported on Long Island City’s growth to a $300 per buildable sqaure foot market for residential zoned development sites when GDC Properties’ purchased two sites on 11th St for $44 million with plans to build townhouses. According to plans that were filed Friday YIMBY